In today’s business world, no business is safe from cybercrime. In fact, the need for cybersecurity has only increased in recent years. Regardless of the type, size, or nature of your business, you need a sound cybersecurity strategy to shield your business from ever-increasing cyberattacks.
However, this is easier said than done. This post will walk you through how to maximize business growth with an effective cybersecurity strategy and the benefits of outsourcing cybersecurity.
What is Cybersecurity?
Cybersecurity is the practice of safeguarding computers, mobile devices, servers, networks, electronic systems, and data from malicious attacks. Most often, cyberattacks are usually aimed at accessing, altering, or destroying sensitive data, extorting money from victims via ransomware, or interfering with normal business processes.
Implementing sound cybersecurity measures can be especially challenging, given the increasing number of people and devices n that attackers are coming up with more sophisticated attack techniques.
What is the Importance of Cybersecurity?
Both inherent and residual risks are increasing with the increase of global connectivity and the usage of cloud services. Cybersecurity can help safeguard all categories of data from theft and damage, including personally identifiable information (PII), sensitive data, intellectual property, protected health information (PHI), and governmental and industry information systems.
Without cybersecurity, your organization will remain susceptible to data breaches and other types of cyber attacks.
What are Some of the Benefits of Outsourcing Cybersecurity to an MSSP?
Outsourcing cybersecurity to an MSSP may seem like giving away control of your business’ security to another organization, but in the real sense, this approach can have several benefits, including:
1. Cost Efficiency
While cybersecurity services require highly qualified specialists, compared to setting up everything in-house, MSSPs are more cost-effective. MSSPs costs for analysts, security applications, and facilities are distributed across the customer base. Also, paying an external provider reaps immediate benefits. Simply put, when you hire an MSSP, you get faster results. Because of this, some companies are only turning to MSSPs when an attack is underway to cut costs.
But this shouldn’t be the case. An MSSP can help safeguard your organization even before an attack occurs.
2. Security Expertise
Outsourcing the cybersecurity services of an MSSP is one of the best ways of securing your business. The cybersecurity threat landscape constantly grows so do the dangers of ignoring vulnerabilities and cyber threats. Because of this, an effective cybersecurity approach demands that you have an expert on your side.
MSSPs specialize in providing cybersecurity services, and their team members know how to detect and mitigate different types of cyber threats. They also provide quality assurance by frequently testing and monitoring your security systems to ensure no security breaches occur.
In short, by leveraging the expertise and resources that MSSPs have, your business will have the expertise and resources to deal with emerging cyber threats as they arise.
3. Customer Support
Generally, MSSPs offer real-time cybersecurity services 24/7/365. This is crucial for organizations, given that it is almost impossible to predict when a cyber attack will happen. When you outsource the services of an MSSP, you can set a service level agreement (SLA) for your exact cybersecurity needs and have the legal backing to have those needs met. This gives you peace of mind regarding network and security protection. MSSPs can also help with active remediation if a cyber incident occurs.
4. Compliance Management
In highly regulated industries, having a sound cybersecurity plan that ensures that your business adheres to specific regulatory measures can be challenging to implement. Regulations such as HIPAA, PCI DSS, FISMA, and GDPR, among others, are constantly evolving. Suppose your security plans don’t evolve with them; you can soon find yourself not in compliance.
MSSPs have risk management and compliance program experts who will stay on top of industry changes to ensure that your company meets industry regulations.
And while outsourcing an MSSP can bring several benefits to your enterprise security function, failure to take time to structure the contract could lead to you experiencing significant drawbacks. When hiring an MSSP, among other things, you should carefully review the services you’re outsourcing, ensure the SLAs are tailored to your organization’s security needs and choose a firm that has the right mix of expertise and experience you’re looking for.
Cyber Sainik Offers Advanced Cybersecurity Solutions for Modern Organizations
Cyber Sainik’s managed cybersecurity services ensure round-the-clock monitoring, allowing you to keep an eye on your environment while focusing more on your business. Our solutions include comprehensive assessments, virtual CISOs, cloud security consulting, and SOC management. Contact us to learn more about our cybersecurity solutions.